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SBP-held foreign exchange reserves fall for third consecutive week
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[ad_1] A person holds $100 notes in their hand. — AFP/File State Bank of Pakistan (SBP)-held foreign exchange reserves fell for the third straight week due to external debt payment as the South Asian nation fails to acquire external financing amid a stalled bailout programme. In its weekly bulletin, the SBP said its reserves had…
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Forex reserves fall by $74m to $4.4b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank fell by 1.7% on a week-on-week basis to $4.4 billion, according to data released by the State Bank of Pakistan (SBP) on Thursday. On May 5, 2023, the SBP’s foreign currency reserves stood at $4,383.4 million, down by $74 million as compared to $4,457.2…
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Forex reserves fall by $6m to $4.46b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank fell by 0.12% on a week-on-week basis to $4.46 billion, according to data released by the State Bank of Pakistan (SBP) on Thursday. On April 28, 2023, the SBP’s foreign currency reserves stood at $4,457.2 million, down by $6 million as compared to $4,462.8…
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International decline, unchanged rupee lead to fall in gold’s value
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[ad_1] A representational image of gold bangles. — AFP/File As the price of gold dropped in the international market and the USD-PKR exchange rate remained unchanged, the precious metal’s value declined in the domestic market on Wednesday. The price of gold (24 carats) declined by Rs550 per tola and Rs471 per 10 grams to reach…
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Gold prices fall for second day as rupee appreciates
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[ad_1] Gold jewellery is seen in this iundated photo. — AFP/File Gold prices fell for the second consecutive day on Thursday, as the rupee appreciated against the US dollar in the interbank market. According to the data released by All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) declined by…
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Forex reserves fall by $354m to $4.24b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank fell by 7.7% on a week-on-week basis to $4.24 billion, according to data released by the State Bank of Pakistan (SBP) on Thursday. On March 24, 2023, the SBP’s foreign currency reserves stood at $4,244.3 million, down by $354 million compared to $4,598.7 million…
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SBP’s reserves fall by more than $300m to break six-week streak
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[ad_1] A man counts dollar bills. — AFP The State Bank of Pakistan (SBP)-held foreign exchange reserves fell by more than $300 million to break a six-week winning streak as the nation struggles to secure external financing for avoiding a possible default. The central bank, in its weekly bulletin, said that its foreign exchange reserves…
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SBP-held forex reserves fall to highly critical level
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[ad_1] A man counts dollar bills. — AFP/File The foreign exchange reserves held by the State Bank of Pakistan (SBP) dropped to a highly critical level as the nation faces severe economic distress and strives to unlock the International Monetary Fund (IMF) loan. Due to foreign debt payments, the central bank said its reserves fell…
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SBP foreign exchange reserves fall to near nine-year low
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[ad_1] In this file photo taken on April 22, 2022 US dollar coins and banknotes are seen displayed on a table, in London. — AFP The State Bank of Pakistan-held (SBP) foreign exchange reserves plummet to a near nine-year low as the cash-strapped nation made external debt repayments. The central bank released weekly data showing…
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Pakistan’s textile exports may fall ‘below $1b a month’ from 2023 | The Express Tribune
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[ad_1] The All Pakistan Textile Mills Association (APTMA) in a letter to Prime Minister Shehbaz Sharif on Friday warned that the country’s textile exports could fall below $1 billion a month from January 2023 onwards. The letter highlighted a range of issues facing the textile sector which is currently operating at less than 50 per…
